"This report examines the evolution of real wages around the world, giving a unique picture of wage trends globally, by region and at country level. The current edition includes new evidence on how the COVID-19 crisis and recent inflation have impacted on wages and purchasing power across countries and regions up until the middle of 2022. Using quarterly survey data from a selection of countries representing different geographic regions and income groups, the report shows that, although the erosion of real wages affects all wage earners, the current cost-of-living crisis is having a greater impact among low-income households. These losses come on top of significant wage losses incurred by workers and their families during the COVID-19 pandemic, losses that were greater among low-paid workers, women wage employees and wage workers in the informal economy. The report provides a review of possible countervailing policies that could support economic recovery, help workers and their families, and potentially reduce inequalities in the world of work."

Support: Digital

ISBN (PDF) : 9789220365120